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WHUT (Howard University Television) 1
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Sep 22, 2010 7:00am EDT
from unicredit, alessandro profumo, has lost a boardroom battle to keep his job. alessandro profumo will be replaced in the anteroom by an austrian natural -- will be replaced in the interim by an austrian national. >> all his threats of resigning that have come and gone in the past -- his bluff has now been called on this libyan deal. there has been political pressure, as well, to move alessandro profumo. it is the biggest private bank in italy. it is the 10th biggest bank in europe. the libyan deal was simply a deal that went too far. he is simply out of a job. >> deutsche bank has warned that profits are suffering from a downturn in trading. germany's biggest bank is raising just over 10 billion euros. third quarter net profits will be significantly below last year's. worldwide recession has had little effect on shoppers. the largest fashion retailer has declared a jump in net profits. it is benefiting largely from expansion in asia. europe's most debt-ridden nations continue to tap the markets for funds. on tuesday, they did successfully raise money on the bond markets. today, i
Search Results 0 to 0 of about 1